BTC/USD: Bitcoin Breaks $104,000 as Crypto Gets a Boost from Trade Deal Optimism

OG coin was last seen sprinting to the $104,000 mark after Trump announced a deal with the UK, dropping his hostile reciprocal tariffs. China next? 🎯 Bitcoin Clears $104,000Bitcoin surged past $104,000 early Friday, notching a fresh three-month high as the crypto market rallied on hopes that a broader thaw in global trade tensions is finally underway. The move came after US President Donald Trump announced a breakthrough trade deal with the UK, scrapping a series of retaliatory tariffs. What did traders do? They did what they do best — speculate. Traders figured China might be next. “We’re gonna have a good weekend with China,” Trump said, sparking hopes that the tariff war with China might be coming to an end. 💪 Tariffs Out, Risk OnThe shift in tone jolted markets into risk-on mode. Bitcoin, still the poster child for high-beta assets, was among the first to respond — jumping from $98,000 to a session high of $104,300 Friday morning. Ethereum was doing even better — . Investors interpreted the move as a sign that Trump could de-escalate his trade war strategy with other major economies, removing one of the biggest macro overhangs facing digital assets. 😎 Rally Fueled by SentimentBitcoin had already been riding a four-day winning streak after left interest rates unchanged. The latest trade development poured more fuel on the fire, helping Bitcoin break above key resistance. While traders are now eyeing the psychological $110,000 mark (or a slip back under the six digits), they’re also watching for any signs of an actual US-China detente — which could give crypto the final push into breakout mode. In that context, Bitcoin is up 40% since its .